Block Energy Plc · LSE:BLOE
Block Energy — Shareholder Meeting (October 2019)
10 slides from Block Energy's shareholder meeting presentation, October 2019
Slide 1: Annual General Meeting Presentation October 2019
ANNUAL GENERAL MEETING PRESENTATION Focused on becoming one of Georgia’s leading October 2019 independent Block Energy Plc |oil AGMand gas companies Presentation | 2019
Slide 2: Disclaimer
Disclaimer This document has been prepared and issued by and is the sole responsibility of Block Energy Plc (the “Company”). It comprises the written materials for a presentation to investors and/or industry professionals concerning the Company’s business activities. By attending this presentation a
Slide 3: Financial highlights
Financial highlights • Raised £12 million via equity placing at 11p per share in May 2019 • In June 2019 changed accounting reference date from 30 June to 31 December, resulting in second interim accounts (for the 12 months ended 30 June 2019) and audited accounts for the 18 months ending 31 Decembe
Slide 4: WR-38Z well design
WR-38Z well design 4 Block Energy Plc | AGM Presentation | 2019
Slide 5: West Rustavi 3D seismic survey
West Rustavi 3D seismic survey ‘Full fold’ and ‘seismic footprint’ 5 Block Energy Plc | AGM Presentation | 2019
Slide 6: Health, Safety and Environment
Health, Safety and Environment No major accidents or incidents since operations started • Excellent HSE record since operations began in 2018 • No major accidents or incidents through 102,544 hours worked • Compares with an industry average of 3.5 accidents per 1000 hours worked 6 Block Energy Plc |
Slide 7: Strengthening the team
Strengthening the team 7 Block Energy Plc | AGM Presentation | 2019
Slide 8: Operations activity
Operations activity Q2 18 to present Activity Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Equipment and materials Rig inspection & upgrade Facilities upgrades Civil works Norio 27, 31, 39, 44, 44, 56 West Rustavi 16, 30, 38 Workovers Norio 27, 39, 44 West Rustavi 16, 38 Sidetracks West Rustavi 16, 38
Slide 9: Regional map
Regional map Block area of interest in Caucasus region 9 Block Energy Plc | AGM Presentation | 2019
Slide 10: More information
More information For further information please visit http://www.blockenergy.co.uk/ or contact: Paul Block Energy Tel: +44 (0)20 Haywood Plc 3980 6250 (Chief Executive Officer) Neil Baldwin Spark Tel: +44 (0)20 (Nominated Advisory 3368 3554 Adviser) Partners Limited Peter Krens Mirabaud Tel: +44 (0)